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Except for these facts: Over 600 economists support increasing the minimum wage and 64 separate studies have shown there is no negative effect on prices, employment or economic growth, with moderate increases in wages.

5.
What Am I Going To Learn?
By looking at simple economics, you will see how it is a
poor economic policy:
History
Fallacy of Government-Hampered Wages
Economics 101

6.
A Brief History Lesson
Created in the Fail Labor Standards Act of 1938
Practically no public conﬁdence in the Markets
Federal Government had no conﬁdence in its own self
Act passed to combat 19% unemployment and -6.2% growth in 1938

8.
Why Favor Only $7.50?
If Minimum Wage Advocates believe it is actually a
good policy, why do they favor only a $7.50 - $14
minimum?
Why not $100? $1,000? $10,000?
It’s so employees are paid fairly right?

9.
Intro to Economics
Whether we love it or loathe it, supply and demand
operates everything.
What is Supply & Demand you might ask?
When the price of something (SUPPLY) goes up, people buy less of it
(DEMAND).
Gas Prices/Gold/Milk etc.
Supply is inversely related to Demand due to scarcity

11.
Master’s In Economics
You don't need a Ph.D. in Economics to know that
jacking up prices leads fewer people to buy.
Those people include employers, who hire less labor when labor is made
artiﬁcially more expensive.
The Economic consequence of political largess is to
make labor artiﬁcially more expensive.

12.
Let’s Face It
The Minimum Wage is just another Feel-Good Law
"It's tempting to think of higher minimum wages as an
anti-poverty weapon, but such an idea doesn't even
pass the smell test. After all, if higher minimum wages
could cure poverty, we could easily end worldwide
poverty simply by telling poor nations to legislate higher
minimum wages."
Walter Williams